Enron Bankruptcy Pays Back California

June 18, 2003 [SolarAccess.com] California Governor Gray Davis announced that 10 wind energy plants owned by affiliates of failed energy giant Enron will refund the state close to US$634,000. A federal bankruptcy court in New York approved a settlement deal for the facilities to repay the California Energy Commission the financial incentives they received through misrepresentation from January 1998 through April 2000. The FERC proceedings were initiated to investigate Enron’s ownership and control of certain Qualifying Small Power Production Facilities (QFs). The facilities owned indirectly by Enron were thought to be eligible to receive production incentives from the Existing Account, because the facilities’ operators represented to the Commission that the facilities were certified QFs. After the criminal proceeding this turned out to have been falsified through accounting scandals. The ten facilities in question are all wind generating facilities ranging in size from 4,990 kW to 36,775 kW.

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